Economics
China’s Stocks Fall on Concern Japan Tensions May Hurt Economy
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China’s stocks fell, capping the biggest two-day drop in almost six months, on concern escalating tensions with Japan over a territorial dispute will hurt trade and deepen an economic slowdown.
Guangzhou Automobile Group Co., which has ventures with Japanese automakers including Toyota Motor Corp., slid to a record low as a Chinese industry association said some dealerships that sell Japanese cars shut after outlets were attacked. Chengdu Galaxy Magnets Co., which derived two-thirds of revenue from Japan, dropped to the lowest this month. Zijin Mining Group Co. and Jiangxi Copper Co. led a gauge of material producers to the biggest slump among 10 industry groups.